TRUMP memecoin surges over 20% as Trump's birthday approaches

The market capitalization of the Solana-based memecoin TRUMP has surpassed $2 billion, rallying ahead of U.S. President Donald Trump's birthday on June 14. The community speculates the upcoming date is the reason for the price increase. According to CoinMarketCap, TRUMP is trading at $2.11, up 23.8% over the past 24 hours.